NASDAL – the National Association of Specialist Dental Accountants and Lawyers – today released their analysis of client figures for the year ending April 2015. Full report in Dentistry Online here.
Key points are:
- The UK dental market has continued to grow at a rate of around 4.4% with relatively unchanged costs and a prolonged recovery in profitability.
- Private practice profits per principal just overtook NHS profits in 2014 for the first time since 2006.
- Average private practice profits per principal have jumped to £140,129 in the year ending 5 April 2015, compared with £130,613 the year before.
- In NHS practices, the average practice profits per principal have marginally increased to £129,265, compared with £129,054 the year before.
- Associate profits have remained relatively stationary in 2015 at £68,024 compared with £68,544 in 2014.
- The average unit of dental activity (UDA) rates for NHS practices remained relatively stable at around £26.50, while the average UDA rates paid to associates in 2015 was £10.75, down from £11.23 in 2014.
The sample size for the statistics included 600 practices (which equated to 650 principals) and 600 associates.
I’ll comment tomorrow.